Articles from June 2012
RESPA DOES NOT PROHIBIT UNEARNED FEES CHARGED BY A SINGLE SETTLEMENT SERVICE PROVIDER
Monday, June 4th, 2012
The Supreme Court of the United States held that a lender who charges consumers an unearned fee does NOT violate RESPA §2607(b), unless the fee was given and accepted between two or more persons. It does not bar unearned fees charged by a single service provider. Freeman v. Quicken Loans, 566 U.S.(2012)
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